This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $88,767 initial cash invested.
-15.01%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$2,065
Rent
-$1,110
Cashflow
Cash Flow
$2,065 income − $3,175 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,767
Downpayment
20%
$84,540
Closing costs
1%
$4,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$3,175
Mortgage P&I
105%
$2,163
Property Taxes
16%
$322
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0